Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Fewer prospective homebuyers were filling out mortgage applications during the week ending July 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a...
Sen. Elizabeth Warren (D-MA) is leading a group of progressive lawmakers in questioning a Federal Housing Finance Agency (FHFA) directive to the government-sponsored enterprises (GSEs) to count cryptocurrency as an asset for a mortgage. In a letter to FHFA Director...
Fannie Mae (OTCQB: FNMA) has added Barry Habib, CEO of MBS Highway and a longtime media commentator on the housing market, to its board of directors. Habib’s appointment follows a seven-minute video that he posted to social media where he offered a harsh criticism of...
The 30-year fixed-rate mortgage averaged 6.74% as of July 24, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down slightly from last week when it averaged 6.75%. A year ago at this time, it averaged 6.78%. The 15-year...
Mortgage application activity inched up for the week ending July 18, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.8% on a seasonally adjusted basis from...
